Green Dot Q4 net loss $23.6M; Fed consent order accrual $20M; revenue up 7%

GREEN DOT CORP

Q4 total operating revenues $366.0M, up 7% YoY; net loss $23.6M vs net income $5.9M in Q4 2022.
Adjusted EBITDA $25.7M, down 27% YoY; adjusted EBITDA margin 7.1% versus 10.5%.
Accrued $20M liability for proposed Federal Reserve consent order; total reasonably possible loss up to $50M.
Non-GAAP diluted EPS $0.14, down 59% YoY; full-year non-GAAP diluted EPS $1.62.
Company expects improving revenue and adjusted EBITDA growth through 2024; pipeline of new partners cited.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREEN DOT CORP reported the year ended December 31, 2023 results: revenue $1,501,328, net income $6,722, EPS $0.13 per common share. Guidance initiated.

Period: the year ended December 31, 2023
Revenue: $1,501,328
Net income: $6,722
EPS: $0.13 per common share
Guidance: initiated
Result: reported results

Exact text from the filing

December 31, 2023 2022 % Change 2023 2022 % Change (In thousands, except per share data and percentages) GAAP financial results Total operating revenues $ 366,043 $ 342,432 7% $ 1,501,328 $ 1,449,566 4% Net (loss) income $ (23,603) $ 5,884 * $ 6,722 $ 64,212 (90)% Diluted (loss) earnings per common share $ (0.45) $ 0.11 * $ 0.13 $ 1.19 (89)% Non-GAAP financial

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREEN DOT CORP reported the quarter ended December 31, 2023 results: revenue $366,043, net income $(23,603), EPS $(0.45) per common share.

Period: the quarter ended December 31, 2023
Revenue: $366,043
Net income: $(23,603)
EPS: $(0.45) per common share
Result: reported results

Exact text from the filing

December 31, Year Ended December 31, 2023 2022 % Change 2023 2022 % Change (In thousands, except per share data and percentages) GAAP financial results Total operating revenues $ 366,043 $ 342,432 7% $ 1,501,328 $ 1,449,566 4% Net (loss) income $ (23,603) $ 5,884 * $ 6,722 $ 64,212 (90)% Diluted (loss) earnings per common share $ (0.45) $ 0.11 * $ 0.13 $ 1.19

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

GREEN DOT CORP filing history →

Source: SEC EDGAR

accession 0001386278-24-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.